GBPUSD Daily Analysis, April 11

Cable is trading below 1.31, processing the late-night news from EU summit.

The GBP was generally unaffected as European leaders accepted another Brexit delay. The deadline will be extended until October 31st. Most European leaders were prepared to grant a longer extension, a move that was rejected by French President Macron. This new postpone implies that Brexit uncertainty will proceed.

The USD stabilized after the Fed released minutes from the March meeting. Officials kept their options open concerning interest rates.

Rose Alice

About: Rose Alice

Rose Alice has a long experience as a currency analyst with a deep knowledge of the relationship between macroeconomics and currencies fluctuation.